Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate. All units have leases in place with a total monthly income generating approx. $6850. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with only 1 unit needing to be refreshed when there is a tenant turnover (which is rare!)
Financial Considerations
Price:
$824,900
HOA Fee:
N/A
Tax Amount:
$12067
Price per SqFt:
$193.46
Tax Legal Description:
HIGHLAND PARK SUB PB 4 PG 70 S13 T30 R27 IN SEC 24 T30 R27 IN SEC 18 T30 R28 IN SEC 19 T30 R28 LOT 69 & ST SOUTH OF SAME & RIPARIAN RIGHTS
Exterior Features
Lot Size:
43085
Lot Features:
Gentle Sloping, In County, Landscaped, Street Dead-End, Paved
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
8
Heating:
Baseboard, Electric
Cooling:
Wall/Window Unit(s)
Appliances:
Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer